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2 months ago
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The surge aligns with bullish technical setups on daily charts, including a bull flag breakout and an emerging golden cross, with pattern targets pointing toward the $0.30 zone.
Updated Aug 13, 2025, 2:49 p.m. Published Aug 13, 2025, 2:49 p.m.
(CoinDesk Data)
What to know:
- DOGE rose 6.5% to $0.24, driven by institutional accumulation and a breakout on high volume.
- Whale accumulation exceeded 1 billion DOGE, aligning with bullish technical patterns targeting $0.30.
- Profit-taking capped the price near $0.25, but support at $0.24 remains strong.
Meme coin pushes through resistance on billion-token accumulation before late-session pullback trims highs.
Technical Analysis Overview
DOGE climbs 6.5% in the 23-hour period ending August 13 14:00, advancing from $0.23 to $0.24 in a $0.02 range (9.58% volatility). Early trade confirms $0.23 as key support on above-average volume, while mid-session strength between 07:00-08:00 sends price through multiple resistance levels on 1.56B volume — the day’s largest print — signaling coordinated institutional accumulation.
Price stalls near $0.25 as profit-taking hits, capping the breakout. Support shifts higher to $0.24 after multiple successful retests into the close.
News Background
Whale accumulation exceeded 1B DOGE (~$200M) during the rally, lifting large-holder ownership close to half the circulating supply. The surge aligns with bullish technical setups on daily charts, including a bull flag breakout and an emerging golden cross, with pattern targets pointing toward the $0.30 zone.
Price Action Summary
• DOGE gains 7% from $0.23 to $0.24 during August 12 15:00–August 13 14:00
• 07:00-08:00 breakout on 1.56B volume clears multiple resistance levels
• Price peaks near $0.25 before retracing to $0.24 on profit-taking
• $0.24 support holds on repeated late-session tests
Market Analysis and Economic Factors
The combination of whale inflows and bullish chart structures underpinned DOGE’s momentum, though supply at $0.25 remains a near-term cap. The consolidation above $0.24, coupled with rising support levels, keeps the technical bias positive. Sustained institutional participation will be key for a $0.25 breakout and a run toward the $0.30 technical target.
Technical Indicators Analysis
• Support: $0.23 (early defense), $0.24 (late-session floor)
• Resistance: $0.25 (profit-taking zone)
• Volume: 1.56B during breakout hour; daily average 565.8M
• Bull flag breakout with golden cross forming on daily charts
• Higher lows indicate persistent accumulation trend
What Traders Are Watching
• Breakout confirmation above $0.25 to open path toward $0.30 target
• Strength of $0.24 support on any profit-taking dips
• Continuation of large-holder accumulation trends
• Impact of broader market sentiment on meme coin flows
Shaurya Malwa
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
CD Analytics
CoinDesk Analytics is CoinDesk's AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk's editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
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